The third biggest investors are Taiwanese companies, with 41 projects worth $256.4 million. Indian companies ranked fourth with three projects worth $101.1 million.

“Best of all, with ship components produced locally, we will have the right to claim that ships produced by Hanjin in Subic are entirely Philippine-made,” Arreza said.

Hanjin has constructed four container ships out of its Subic shipyard since 2007. The Korean company became the biggest exporter in Subic by the first quarter of 2009 after registering a freight-on-board value of $179.36 million. Hanjin simultaneously delivered its third and fourth vessels in the first quarter—CMA CGM Topaz and the CMA CGM Opal.

The Korean shipbuilder initially committed to invest $1 billion in 2006 for the ship building facility. It increased the investment by $68 million the following year. By Cecille Garcia - Manila Standard Today

"Bagumbayan is not a place or a name. It is character, attitude, values and principle. It is a solution to the ills of
society
and a vision of a great
country."
"What this country needs is not a change OF men but a change IN men" Dick Gordon
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16 January 2012